Summary of Significant Accounting Policies (Tables)

6 Months Ended

Mar. 31, 2021

Accounting Policies [Abstract]

Schedule of Accounts Receivable

Accounts receivable is summarized below:

	March 31, 2021		September 30, 2020
	($ in thousands)
Oil, natural gas and NGL sales	$	12,990	$	6,919
Joint interest accounts receivable	557		1,022
Realized derivative receivable	—		2,187
Other accounts receivable	58		—
Total accounts receivable	$	13,605	$	10,128

Schedule of Accrued Liabilities

Accrued liabilities consisted of the following:

	March 31, 2021		September 30, 2020
	($ in thousands)
Accrued capital expenditures	$	12,215	$	2,964
Accrued lease operating expenses	2,249		1,617
Accrued ad valorem tax	365		680
Accrued general and administrative costs	2,151		2,125
Accrued interest expense	28		63
Accrued dividends on preferred units	—		903
Accrued dividends on common units	—		95
Accrued dividends on common shares	4,991		—
Accrued stock-based compensation liability	4,162		—
Other accrued expenditures	338		299
Total accrued liabilities	$	26,499	$	8,746

Schedule of Asset Retirement Obligations

Components of the changes in asset retirement obligations ("ARO") for the six months ended March 31, 2021 and year ended September 30, 2020 are shown below:

	March 31, 2021		September 30, 2020
	($ in thousands)
ARO, beginning balance	$	2,326	$	1,203
Liabilities incurred	53		68
Liabilities acquired	—		1,161
Revision of estimated obligations	—		(45)
Liability settlements and disposals	—		(131)
Accretion	43		70
ARO, ending balance	2,422		2,326
Less: current ARO	(152)		(58)
ARO, long-term	$	2,270	$	2,268

Disaggregation of Revenue

The following table presents oil and natural gas sales from continuing operations disaggregated by product:

	Three Months Ended March 31,				Six Months Ended March 31,
	2021		2020		2021		2020
	($ in thousands)
Oil and natural gas sales:
Oil	$	30,784	$	24,598	$	52,891	$	53,396
Natural gas	4,516		(93)		4,635		(271)
Natural gas liquids	1,359		(149)		1,547		(270)
Total oil and natural gas sales, net	$	36,659	$	24,356	$	59,073	$	52,855

Schedule of Transactions Costs

Transaction Costs

	Three Months Ended March 31,				Six Months Ended March 31,
	2021		2020		2021		2020
	($ in thousands)				($ in thousands)
Business combination acquisition costs	$	2,164	$	28	$	3,053	$	27
Other	—		—		160		—
Total transaction costs	$	2,164	$	28	$	3,213	$	27